Franchise opportunities: quick meals offer sweet deals.Clayton Turnbull was first introduced to franchising at age 15, while working at McDonald's. The emerging business concept made such an impression on him that he was determined to have his own franchise one day. In 1992, Turnbull opened his first Dunkin' Donuts Sources: Dunkin' Donuts is an international coffee and donut retailer founded in 1950 in Quincy, Massachusetts, U.S. by William Rosenberg. Corporate Profile History in Mattapan, Massachusetts Mattapan is a neighborhood in Boston, Massachusetts, United States. Originally part of neighboring Dorchester, Mattapan was annexed to Boston in 1870. As of the 2000 census, it had a population of 28,145. . Six years later the number stands at five, with plans in the works for a total of 12 in the Boston area. Turnbull looked at other franchises first, but chose Dunkin' because there wasn't one in his community. "Before I opened my stores, people in Dorchester, Roxbury and Mattapan bad to go downtown to get a good cup of coffee." Both the idea and choice have paid off. He has received the 1998 Black & White Boston Business Profile Award, the 1997 Entrepreneurial Success Award and the 1996 African American African American Multiculture A person having origins in any of the black racial groups of Africa. See Race. Achievement Award for Business from the mayor of Boston. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Terry Hill of the International Franchising Association, the opportunities are there for the taking. Franchising has grown 10% over the last year," says Hill. "Growth has been particularly strong in certain fast-food chains." Since its face-lift in 1994, Dunkin' Donuts has been one of those chains. U. S. sales grew 10% in 1997 and are up more than 10% this year, outpacing the fast-food industry's 2% sales growth average overall. Dunkin' is giving fast-food chains like McDonald's and specialty coffee retailers like Starbucks a run for their breakfast dollar. Their addition of flavored and specialty coffee drinks has pushed coffee sales up 40% since 1995. Bagel sales are expected to exceed $200 million this fiscal year and doughnut sales are prolific -- they're up 10% industrywide. "Dunkin' Donuts is forward-thinking in that they're doing a good job of understanding what their customers' needs are," says Tom Feltenstein, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Franchise Systems Corp., a franchise consulting Franchise consulting, a specialized category of professional assistance for investors, entrepreneurs, and enterprises, is a field which has arisen from the increased popularity and profitability of franchising. firm in Palm Beach, Florida Palm Beach is an incorporated town in Palm Beach County, Florida. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth. As of 2000, Palm Beach had a year-round population of 10,468, with an estimated seasonal population of 30,000. . Allied Domecq Allied Domecq PLC was an international company, headquartered in Bristol, UK that operated spirits, wine, and quick service restaurant businesses. History Allied Domecq was the result of a 1994 merger between Allied Lyons and Pedro Domecq.[1]. , Dunkin's parent company, isn't just settling for the breakfast market, however. This spring, the British-based operation -- which also owns Baskin-Robbins (ice cream) and Togo's Eateries, a 215-store California-based sandwich chain, announced it would make all three stores available in one franchise agreement. By adding 1,600 new locations, Allied Domecq will increase its U.S. retail presence by nearly 34% over the next three years. Eighty-five percent of the growth is expected in N England, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Baltimore, Washington, D.C., Philadelphia, Chicago, Phoenix, South Florida and California. "Growth will come from new franchisees with the financial means and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. to open and successfully operate multibrand locations, and existing franchisees who open additional outlets," says Douglas Fischer, director of franchising for Allied Domecq. A minimum financial requirement of $100,000 for a Baskin-Robbins or a Togo's and $200,000 for a Dunkin' Donuts franchise or a multibrand location only buys the name. The franchisee is still responsible for leasing or purchasing the site, building it to specifications, hiring all employees and handling day-to-day operations. Like Dunkin', Baskin-Robbins has undergone a makeover and has expanded its beverage line to include smoothies and frozen coffee drinks. Turnbull declined to add Baskin-Robbins to his lineup due to slow and/or seasonal ice cream sales in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . Regarding Togo's, which is being introduced to the East Coast as an upscale competitor to Subway and Blimpie's, Turnbull is taking a wait-and-see attitude before jumping in. Before signing up with any franchisor, Turnbull recommends thoroughly investigating the market and scrutinizing the franchisor. "A good franchisor must procure the right franchisee community and make sure high standards are maintained. If 10% of the franchisees are bad, they can negatively impact the other 90%," he says. His successes notwithstanding, Turnbull readily points out that running a franchise is not a cakewalk. "There's a lot of 'heavy lifting' involved," he says. "The key is getting the customers in and out quickly every day and giving them a reason to come back. It's that simple and that challenging." For more information on franchising opportunities with Dunkin' Donuts, Baskin-Robbins or Togo's, contact Allied Domecq at 800-777-9983. |
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